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Finance a Boat?

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    #1

    Finance a Boat?

    BK discharged in 8/2005. Have financed two cars (one in each name) both through Capital One Blank Check Program (which I highly recommend! No hassles!!! No embarrassments!!!!)

    Does anyone know where I could finance a boat with a BK on my record? NOT a big boat - something small for around $10,000. Looking for a company that specializes in "bad credit boat loans" cause of the BK
    Tags: None
    #2
    Since you're nearly 2 years out from BK, with what seems to be a good track record of on time payments, you should be able to look at more mainstream, conventional financing.

    Could be worth it to give it a whirl.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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      #3
      We financed a motorcycle through the credit union at my work approx. 6 months post filing. (which we just sold!!! yea!!)
      Chapter 7 Pro Se....Discharged Feb. 2006

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        #4
        It can be done. My bank started sending me pre-approval offers for a boat loan up to 35k, less than one year after discharge.

        But the question you really need to be asking yourself is, would a boat purchase soon after bankruptcy really be a wise financial decision. In most cases, the answer is 'no' in a big way.

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          #5
          My question is can you really afford the boat and the extra payment?

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